Americas

Ireland, US multinationals to face new tax landscape in 2018

Jim Stewart, Trinity Business School, Trinity College, Dublin discusses how EU tax authorities’ increasing challenges to the tax strategies of US multinationals, their access to information about MNE activities, US tax reform, and the net effect of ‘correlative adjustments,’ are creating a new tax environment for US MNEs, Ireland, and international taxation in general . . .

Asia-Pacific

Comments released on tax guidance addressing offshore indirect asset transfers

18 comment letters – including letters from the governments of India and China — were released today responding to a draft “toolkit” designed to help developing countries address the taxation of offshore indirect transfers of assets, a practice used by some multinational corporations for tax avoidance. The guidance was prepared by “Platform for Collaboration on Tax,” a joint effort of the IMF, UN, OECD, and . . . .

Africa

17 nations placed on EU blacklist of tax havens

Davide Anghileri of the University of Lausanne discusses the EU’s tax blacklist, released December 5, which identifies 17 “non-cooperative jurisdictions” and warns many others that they could be listed in the future if they do follow through with commitments to improve specified aspects of their tax regimes . . .

Asia-Pacific

Australia proposes anti-hybrid law to combat multinational tax avoidance, announces plans for “targeted integrity rule”

The Australian government on November 24 released a draft law and explanatory materials implementing hybrid mismatch rules to combat multinational firm tax avoidance. The Australian government is also developing a “targeted integrity rule” to prevent circumvention of the hybrid mismatch rules as well as branch mismatch rules to further clamp down on MNE tax . . .

Featured News

OECD approves model tax treaty update

The OECD council on November 21 approved a 2017 update to the OECD model tax convention. These changes will be incorporated into the model and published in the next few months, the OECD said. The update implements . . .